This is the deal
The interim financial results are out. AA profit took a nose dive, down 46 % from same period last year due to Firefly eating into its LCC buisness. MAS lagi teruk. The Firefly operations is bleeding MAS and so the rational thing to do is stop this "unhealthy" competition and allow each to fly a certain market segment. Actually the drop in AA profit is because Firefly has taken appox 3 million pax from AA operation. So QPR boss has done the good deed to make all survive. AA to do low cost operation, Firefly to do only ATR out of Subang and create Saphire to carry all the yuppies and rich umnoputras on the domestic route and MAS to vie for the long haul premium class.
Also heard that a super VSS is along the way to trim MAS down to 12000 and make the employees more productive. Not sure how this is going to happen.
Non core business will be re-assessed and if not generating money it will be axed
Cost management is the mood here today. See lah what happens in the mean time retirement is looming ahead.